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Jamie Dimon Tells Crypto Firms To ‘Become A Bank’ If They Want To Offer Rewards Amid CLARITY Act Standoff
The CLARITY Act missed its March 1 deadline as the standoff between banks and the crypto industry continues. According to JPMorgan CEO Jamie Dimon banks just want a “level playing field” where if companies are offering bank-like products, they should be held accountable to the same regulations. In an interview with CNBC, Dimon said that one possible compromise could be that stablecoin rewards are only paid on transactions, and not balances. “If you are going to be holding balances and paying interest, that’s the bank. You should be regulated by a bank,” Dimon stated. “So we have been firm, one thing over ... (full story)
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From channelnewsasia.com|Mar 3, 2026The spread of stablecoins in the euro zone could weaken the effectiveness of monetary policy, siphon deposits away from banks and reduce lending to the real economy, a study ...
From @FirstSquawk|Mar 3, 2026|20 commentsUS CONSIDERS MILITARY PROTECTION FOR TANKERS IN HORMUZ: POLITICO U.S. WEIGHS NAVAL ESCORTS FOR OIL TANKERS THE TRUMP ADMINISTRATION IS CONSIDERING USING U.S. MILITARY FORCES TO ESCORT OIL AND GAS TANKERS THROUGH THE STRAIT OF HORMUZ AS IRANIAN THREATS DISRUPT SHIPPING AND DRIVE ENERGY PRICES HIGHER. OFFICIALS ARE ALSO WEIGHING…
From finance.yahoo.com|Mar 3, 2026|1 commentKevin Warsh is still months away from taking the helm at the Federal Reserve, but his ability to deliver the interest-rate cuts President Donald Trump expects is facing hurdles as ...
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From @realDonaldTrump|Mar 3, 2026|92 comments
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come. Thank you for your attention to this matter! President DONALD J. TRUMP
From finance.yahoo.com|Mar 3, 2026Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli strikes on Iran on Saturday, two blockchain analytics companies said, although researchers ...
From @financialjuice|Mar 3, 2026|5 commentsGermany’s Chancellor Merz: The EU won't accept a US trade deal with worse conditions. GERMANY’S CHANCELLOR MERZ: I TOLD TRUMP THAT THE EU SHOULD SIGN AND IMPLEMENT A TRADE AGREEMENT WITH THE US. ... GERMANY’S CHANCELLOR MERZ: I TOLD TRUMP THAT SPAIN IS PART OF THE EU, AND ANY TRADE DEALS MUST INCLUDE SPAIN. ...
